Crypto Market to See $111 Million in Token Unlocks Next Week
Next week, the crypto market is set to experience a significant influx of new tokens as several projects unlock vested tokens. This influx, totaling $111 million, could potentially impact prices due to increased supply.
Aptos and Starknet Lead the Unlock Volume
The projects with the highest unlock volume are Aptos (APT) and Starknet (STRK). Aptos will unlock 11.31 million APT tokens (2.32% of its supply), while Starknet will unlock $25 million worth of STRK tokens.
Other Projects with Significant Unlocks
Several other projects will also see substantial token unlocks next week, including:
- XAI: 6.3% of its supply, worth $6 million
- RENDER: $3 million
- ENA: $3 million
- io.net (IO): $3 million
Understanding Cliff Unlocks
Cliff unlocks refer to the periodic release of vested tokens to various stakeholders, such as investors, team members, and community members. These unlocks can often lead to price declines if demand doesn’t keep pace with the new supply.
Important Considerations
Remember that market movements can be unpredictable and influenced by various factors. Always conduct thorough research before making any investment decisions. It’s also important to note that the information provided here is for informational purposes only and does not constitute investment advice.
